Phorm was forced into deep cost-cutting after its controversial battle to monitor and profile web users burned through an average of more than $4m per month last year, its financial results today reveal.
The behavioural targeting outfit, whose operations are headquartered in London but which is registered in Delaware, reported …

COMMENTS

Puts a smile on my face, it does

http://www.google.com/finance?q=LON:PHRM

Oh yes, it really, really, does.

Of course, if they deploy in Korea and Europe eventually rule that they require the permission of website owners for interception (unlikely, I know, but bear with me)... couldn't they be prosecuted here for intercepting a UK-hosted site with their server in Korea...?

And what rough beast?

>Phorm's problems in the UK had prompted its push into Korea. It is currently running a trial with Korea Telecom<

Like it ran trials in the UK with BT? Business very much as usual. Whilst BT still maintain ignorance (at least first line support who won't get someone to phone you back about thier position even after promising faithfully), still seem committed to rolling it out, and now Virgin have promised (Universal Music is it?), that they will kick off filesharers, it seems like Phorm would be a cheap way of DPI-ing their customers online habits.

>The government told privacy campaigners it would not make public the content of the response<

Secrets and more secrets - this government doesn't want us knowing anything it does whilst watching everything we do. How is keeping this information from the public protecting us from terrorists?

Whatever happened to Great Britain?

If Hitler came to power today, I'm not so sure this country wouldn't be on his side, we trade spying tips with the Chinese, we're complicit with questioning tortured prisoners. The ruling elite suck on the teat of public finances whilst rewarding bankers who nearly crippled the global economy...

That better not be UK investment money

I thought the Russkees were good at coding, jeepers it is just a data tap and a bit of pattern matching.

Hardly cutting edge stuff. Bozos not only do they do something that is basically unethical and should be illegal that virtually every ISP and developer has thought about in the past, they spend a fortune doing it.

@jsp

Phorm Bullies Third World Governments

So there it is. Apparently, if Phorm cannot make headway in wealthy nations with strong democracies --- such as the UK, US and Europe --- then it will move down the national foodchain to countries with weak or bribeable governments.

Phut!

HO HO HO

In my opinion anybody who invests in this ex spyware company deserves 1st degree burns on their fingers when they finally crash and burn. I think nearly everyone will reject this outfit intercepting their web data once the cat gets out of the bag informing people as to what is really going on.

@James Pickett

"isn't Delaware where SCO is registered"

Correct. Deleaware's corporation formation rules are quite er "relaxed." Fewer annoying questions about who *owns* the actual shares. They also have IIRC Microsoft is (among a *long* list) also based there. No AFAIK they do not have an actual office there.

Of course there are many reputable companies who have their registered office there as well.